The Chinese tech giant is still suffering huge losses and allegations due to the Trade War. The major reason that the Trump Administration gave on blacklisting Huawei was that it was accused of espionage. A Bloomberg’s report surfaced this evening, saying that Huawei employees were involved in around 10 projects with the Chinese Armed Forces Personnel. These projects are assumed to be focused on AI and radio communications. The company denies being aware of any such activity.
With the upcoming G20 summit in Osaka (Japan), a lot is to be met and discussed by the leaders in this summit, especially China and the US. The ongoing “cold” trade war has made the markets suffer big time. And its biggest victim is the second largest telecom device seller globally, Huawei.
Due to being blacklisted by Trump Administration, the Chinese tech giant will suffer a lot. CEO Ren Zhengfei said that the company will suffer a loss of around $30 billion.
Read more about the statements and figures that were given out by the CEO himself, here: Huawei to suffer loss in billions due to the trade war.
Is the allegation of espionage on Huawei true?
One of the reasons Trump Administration presented to blacklist the Chinese giant was that it accused the company of espionage. Mere allegations then, but just this evening Bloomberg reported that some of its employees were involved in around 10 projects with the Chinese Armed Forces personnel. The activities are assumed to be on for almost a decade.
Huawei is not aware of its employees publishing research papers in their individual capacity,
– Joe Kelly, Spokesperson: Huawei
Joe continued, saying that the company develops products that conform to civil standards globally. He also added that it does not customise R&D products for the military.
In this whole act and amidst all the talks, the company has consistently denied its products posing any security threat.